Eviana Health Corporation (CNSX:EHC) announced that it has entered into an equity agreement for private placement of 8,695,652 common shares and 8,798,286 common share purchase warrants for gross proceeds of CAD 10,000,000 on June 4, 2018. The transaction will involve participation from OrganiGram Holdings Inc. (TSXV:OGI). The company signed a term sheet with OrganiGram Holdings Inc. (TSXV:OGI).

Of the total warrants, 2,373,319 warrants are exercisable into common shares at CAD 1.50 for 18 months; 3,337,480 warrants are exercisable at CAD 1.75 for 24 months; and 3,087,487 warrants are exercisable at CAD 2 for 36 months. The transaction is expected to close on or about July 13, 2018.